Wednesday, October 21, 2015

“A dance for older couples in São Paulo, Brazil....

"A dance for older couples in São Paulo, Brazil. Brazilians retire at an average age of 54. Some public servants, military officials and politicians manage to collect multiple pensions, totaling well over $100,000 year. Once they die, loopholes enable their spouses or daughters to go on collecting the pensions for the rest of their lives, too. Officials had predicted a major pension shortfall in 2030, but now they say it could happen as soon as next year. Lalo de Almeida took this photo while on #nytassignment in #SãoPaulo." By nytimes on Instagram.